Saints restructure Tyrann Mathieu’s contract to save salary cap space

Here’s another expected move for the New Orleans Saints. NFL Network’s Tom Pelissero reports that the Saints completed a restructure of their contract with starting safety Tyrann Mathieu, yielding $4,668,000 in savings against the 2023 salary cap. They did this by converting most of his $7 million base salary into a signing bonus which is, for accounting purposes, going to be spread out over future years.
— Read on saintswire.usatoday.com/2023/02/24/saints-restructure-tyrann-mathieus-contract-salary-cap-space/